Shares of Republic Services (RSG) Sees Large Outflow of Money

Republic Services (RSG) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (0.57 million) in Republic Services (RSG). On Wednesday, The value of composite uptick trades was $0.08 million, whereas, the value of composite downtick trades was $0.65 million and the ratio between the two was 0.13, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $0.58 million. The negative money flow of ($0.58 million) shows selling on strength. Republic Services (RSG) gained $0.03 intraday at $52.33 and registrered 0.06% for the week.


Also, Argus Research initiates coverage on Republic Services (NYSE:RSG). Argus Research has a Hold rating on the shares. As per the latest report, the brokerage house announces the price target to $50 per share. The rating by the firm was issued on May 18, 2016.

Republic Services (NYSE:RSG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.27 and $52.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.36, notching a gain of 0.11% for the day. The total traded volume was 718,868 . The stock had closed at $52.30 on the previous day.

The stock has recorded a 20-day Moving Average of 2.2% and the 50-Day Moving Average is 5.71%. In a related news, Goebel Brian A, officer (CAO) of Republic Services, Inc., unloaded 1,695 shares at an average price of $52.1 on July 5, 2016. The total amount of the transaction was worth $88,310, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Republic Services, Inc. is a provider of services in the domestic non-hazardous solid waste services industry. The Company provides non-hazardous solid waste collection services for commercial, industrial, municipal and residential customers. The Company operates three geographic operating regions that are also its segments: East, Central and West. Each region is organized into several areas and each area contains multiple business units or operating locations. The Company has approximately 340 collection operations, owned or operated 198 transfer stations, 189 active solid waste landfills and 60 recycling centers. It also operates approximately 72 landfill gas and renewable energy projects. The Company operates in 39 states and Puerto Rico. The Company provides collection, transfer, recycling and landfill services in all its regions.

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